Royale Energy對Rio Vista首井實施鉆探

Royale Energy, Inc. (OTCQB:ROYL) announced that it has commenced drilling the first well under its joint venture agreement covering the Rio Vista Field in the Sacramento Basin. Discovered in 1936, Rio Vista is the largest natural gas field in California. The field has produced over 3.5 TCF of natural gas. Using 3-D seismic, Royale and its partners have identified several prospective locations in the Martinez and Capay formations. The Royale CRC 8-1 will target the Martinez sand at a depth of approximately 6000′. Royale expects to reach total depth by mid-September.

Don Hosmer, President of Royale Energy said:’We are excited to begin drilling in the Rio Vista field. With natural gas prices continuing to strengthen, we believe our Rio Vista program will provide an excellent return for our shareholders and drilling investors.’